Saturday, December 11, 2010

Alt. energy & ethanol subsidies in Senate tax deal


From Michael Tomasky's blog in The Guardian

The Senate put together a package last night and this morning that added a few meagre sweeteners for the Democrats (extending subsidies for alternative energy and ethanol that were slated to expire).

Wall St. Journal elaborates (DECEMBER 10, 2010: Senate Unveils Tax Bill's Price Tag):

In a sweetener for many Democrats, the package extends a program of cash grants for wind and solar projects, as well as tax credits for energy-efficient appliances, although at reduced, pre-stimulus levels. It includes favorable tax treatment for mass-transit benefits for employees. It also includes a one-year extension of a 45-cent-a-gallon tax credit for fuel made from ethanol, a provision sought by farm-state lawmakers.

Brian Tokar
Institute for Social Ecology
P.O. Box 93
Plainfield, VT 05667

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Biofuels are a wide range of fuels which are in some way derived from biomass.

Your idea?